Posted well over 1 month ago.I Was a little 2 conservative.Seems to me with cash on hand and .10 warrants being fully taken advantage of.....leaves Matica with well over $5 million plus in cash.
So...with this in mind financing this project will already be paid for and possibly the land also;
On September 27, 2017, Matica announced signing a non-binding letter of intent for Matica to become a majority owner of a late stage application under the Access To Cannabis for Medical Purposes Regulation (“ACMPR”) in southwestern Ontario. We are continuing our due diligence on the project. The application is for a 13,000 square foot building which could be easily expanded to 24,000 square feet by extending it to an adjoining building. The project sits on 14 acres of largely vacant land. Matica is contemplating building a 400,000 square foot facility on the property at a later date. Furthermore, Matica has negotiated a favourable purchase option for the entire property.
Leaves 34,000 sq/ft fully finished and operational "High Tech" MJ paid for and producing over 2 mil. grams/year. (do the math and don't forget to discount % owned)).
My take;
License news in Quebec-share price .40-.50
News on Ontario agreement-.50-.75
Both facilities up and running 1st quarter 2018(Dorval already cashing in on first crop) over $1.00
News of 400K sq/ft facility....well...just be reasonable and think of what Aurora is doing and maybe half ACB $3.50-$4.00???
Matica will have no debt with high cashflow.
Could actually see this splitting 2-3 times and in 3 years paying out a nice little dividend.
Am I long????? Absolutely!!!
Good day all and "constructive"comments always welcome.
Sloppy.